Daily Archives: November 20, 2012

Costa Coffee, the well-known British company puts the padlock to its ten coffee shops in Greece. According to economic news portal Capital.gr, the Greek representative “The Greek Coffee Company SA” will close its shops in several suburbs of the Athens including those in downtown. Company representatives confirmed to Capital.gr that the …

Employees at IKEA branch Kiffisos in Athens walked out on Tuesday to protest salary decreases by 11%. In agreement with the Retail Workers Association the employees launched a work stoppage on Tuesday. They are currently outside the shop and do not prohibit customers from doing their shopping… only that there is …

The majority of schools in the prefecture of Trikala, Central Greece, are not able to supply heating oil even though temperatures have dropped to 10 degrees Celsius. Teachers are planning to complain at the local government even though it’s clear that there is no money available to cover such needs: neither …

“The student who stunned politicians” is the title of the video, with Vasilis Themistoklis, 27, speaking to politicians about how the real life looks like when young labourers work for 450 euro per month. How the real horror the Greek politicians created looks like when one has to live within. …

The video “Greece Welcomes You” to promote Greece became the target of sharp criticism from the very first moment it was uploaded on YouTube. The 4-minute long footage was showing a flash mob happening dancing a bit of syrtaki and a lot of breakdance. Among the audience, the passersby so …

The personal information of about nine million Greeks were found to be in possession of a 35-year-old man, who was after a complaint was filed by the Data Protection Authority. According to Greek media, the man who was working as marketing freelancer for an IT-Telecommunications accompanying had acquired personal data, such …

November 20, 2012EconomyComments Off on Mammoth €44 Billion Bailout Tranche for Greece in Two Tranches

The mammoth tranche of 44 billion euro will be disbursed to Greece in two tranches, Greek media reported on Tuesday, hours before the start of crucial Eurogroup meeting. The first tranche of 34 billion euro will be released on December 5th 2012, while the rest 10 billion euro will flow …

Fire broke out on ferry boat “Crete II” while it was sailing 4-5 nautical miles away from the port of Patras, Peloponnese. The fire broke out in the garage deck short before midnight and burned down some 30 trucks. While the automatic fire extinguishing system of the ship managed to prohibit the …